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20121227
20121227
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fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff wasn't bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so-called fear index or the vix, soaring more than 4%. fiscal cliff concerns pushed the index to the high
have marginal movement, the cac up 4.2%. the ftse 100 up above .23%. >> u.s. equity futures at this hour -- whoa. hold it. >> what are you looking at? u.s. equity futures. >> it's okay on. didn't we already do this? >> i don't care. i really don't. the new prompter is giving you fits. and yesterday, it ended with a -- did you see that one yesterday? a word ended with a n and the next one i introduced the like like t. boone pickens or something like that. >> we have a new teleprompter and it adds words. >> that's special. >> and people that, you know, that's where we get all of our info, right out of that baby there. anyway, futures are up 14 points. 13114 is where we are right now. i don't know. fiscal cliff is three days away and we're still above 13,000. that's what we're talking about. you would think if the growth was going to flow based on us going over the cliff, you would think oil would start to weaken. we haven't seen that much in that respect, either. as far as the ten year, stable at 98 of 6719. finally, gold -- i don't know. bernanke is on full 85 billion a month
. >> we have four minutes left. with regard to the state of the u.s. economy, you have some important votes cast before the lame-duck session is over. what is your level of confidence about the future of the u.s. economy right now? >> i am not really optimistic. i think that we have a short- term solution. the president wants to spend more money. i understand that. he also wants to raise taxes on people over $250,000 and he will get part of that. he will have a bill that says we have to give everyone a tax cut, who will vote against that? he has the ability to wait. that is number one. we are trillions of dollars in the hole. not just $16 trillion but $60 trillion or $70 trillion. this will come back to haunt us. we will have a severe economic problem. i hope i am wrong. i hope there is a solution. unless something radical changes, we will see a severe economic problems and high inflation. >> you made the decision not to run again. what will you miss most about congress? >> i will miss the camaraderie. i was one of the founders of the republican study committee which started with four
, it pays $285, a u.s. just put $200 ridicule in your truck. he spent $36 one-way on a bridge, $18 through the tunnel, next year it goes up to $48 for the bridge. $24 for the fort mchenry tunnel. i mean, nothing leaves nothing. it's getting out of hand. it used to be a pretty good deal to be a truck driver. now i am not so sure anymore. i just don't know what the next step is. . -- 2013 tax deal is scary me a little. host: -- that is just a portion of what is in the new york times this morning. next is mary in sun city, california. go ahead. we are listening. caller: i am in the rental business in california. i hear california is very big on welfare and section 8. i see there are so many programs where somebody gets to stay home and the government will pay a three-bedroom rent and they only pay $14 a month. they stay home for 10 years, 15 years, or whatever simply because they have children. being in the military, a lot of my friends, the parents work. but these people are not in the military and they get medical, they get food stamps, they get wic. there's never a change in the programs t
proposes a series of extraordinary measures to postpone the date that the u.s. would otherwise default on its legal obligations. geithner estimates his plan would free up about $200 billion, providing roughly two months of wiggle room. >>> well, last night on "the rachel maddow show," guest host ezra klein asked former clinton budget director alice rivlin on where we could see the fallout from the fiscal cliff. >> the real uncertainty i think is what the markets will look isn't in control of its own destiny because we're acting that way right now. now, if you're an investor, whether you're in some part of the united states or you're in some other part of the world, do you really want to buy american securities? do you want to invest in a country whose government isn't functioning? i don't think so. so, we could get a big market reaction, a drop in the stock market, and that might scare people. >> "the rachel maddow show" week nights at 9:00 eastern right here on msnbc, the place for politics. >>> home prices on the rise, syria's head of preventing defections decides to defect. your he
to accelerate on their own. it is the largest in u.s. history regarding defects. washington state trying to have it both wayos electric cars . drivers get thousands to buy the gas-free cars. electric car owners will get hit with a $100 fee since they will not pay gas taxes. guys? >> clayton: thank you, kelley. >> julia: a new york newspaper is receiving a lot of flack for publishing gun owners names and addresses in two new york counties on line. is it fair to those whose names are listed. >> clayton: we'll ask david who is a certified and his name is not on the list. >> it certainly will be. they mentioned me that they asked the names from put nam county. >> julia: it is westchester county and up state new york in lower hudson valley area. in the wake of newtown. they are concerned over guns in the hands of wrong people. >> we all are. >> julia: you are a licensed gun owner and you haven't been convicted of anything and shooting spree . yet your name will be listed in the paper for everybody to see where you live. >> yeah. >> julia: what is the feeling there. >> i advertise my services as a gun
, what goes on here? what goes on? >> yeah. well, they can actually find out where the u.s. government is hiding. so that's not -- they can't all be in dick cheney's secret location. they can shut pieces of it down, but it's not really sustainable, obviously. it will increase the pressure in the sense of crisis. that's going to lead to more turmoil in the markets. so it's not a reassuring thing for your creditors if you either hide or you're shuffling money around. but it does apply increased pressure in washington. you know, this is where the white house wanted the negotiations in a way. i'm not saying that you can cook up a debt crisis or anyone would want to, but the president and his negotiators wanted both of these things to be done together, not to have tax cuts and all the horse trading around that now. and then in a few months' time have to go through the whole thing but on less favorable ground for the white house at least than talk about the debt ceiling. it's much better that it's one negotiation, it's one round of massive uncertainty if there's anything good that comes out
said, i think the more important question to ask is why the u.s. relies on student loans at all. >> student loans are cheaper than grants. >> i don't know and which direction he meant this, but the conversation earlier, talking about the public good of education, if they are defunding the state and city institutions and having to provide more loans, would that be another solution set you could have a free college experience? >> haunt you just have to have $200 billion to spend on it. where is the money going to come from? families, but only one source that maybe has the kind of money >> is a funding priority. their articles written about this, but health care increases, fuel costs, and prisons have become a much higher priority than education. i am not saying it as a right priority, gosh i think this is the heart of the matter. he talked about working at a public university, 73% by the state or whatever and you advance arguments for why education should be funded and, so people actually have a social contract, what do find are effective and what arguments are ineffective? >> i a
requires the government obtain a warrant any time it seeks to conduct direct surveillance on a u.s. person. indirect surveillance of u.s. persons by means of backdoor searches should be no different. no one disputes that the government may have a legitimate need to search its fisa data base for information about a u.s. person, but there is no legitimate reason why the government ought not first obtain a warrant by articulating and justifying the need for its intrusion on the privacy of u.s. persons. our constitutional values demand nothing less. unfortunately, we won't be voting on such an amendment later today. so our reauthorization of fisa will include a grant of authority for the government to perform backdoor searches, seeking information on individual american citizens without a warrant. i believe such searches are inconsistent with fundamental fourth amendment principles. for this reason, i cannot support the fisa reauthorization, and i urge my colleagues to oppose the bill in its current form. i'd like next to speak about a few amendments that i think would make some improvements t
Search Results 0 to 8 of about 9